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MicroStrategy's Bitcoin Plan: Hodl or Sell?
Description
MicroStrategys Q1 Report: Massive Bitcoin Loss, Dividend Plan
MicroStrategy, the largest corporate bitcoin holder, reported a staggering net loss of $12.54 billion in Q1. The company, led by executive chairman Michael Saylor, proposed selling some of their 818,334 bitcoins to cover dividend payments. With a average purchase price of $75,537 per bitcoin, the company faces $1.5 billion in dividend duties. Shares plummeted 4% after hours, and bitcoin dipped below $81,000, causing market turbulence. This strategy shift could keep investors on edge about future bitcoin moves.
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